Risk sentiment is improving partly due to the recent apparent easing of US-China relations which is helping non-US currencies. The Fed has supported the dollar by implying further rate increases are on the cards. The Euro had recent encouraging news about industrial output which has given it some support after recent lows against the US$. Easing energy prices also helps the Euro but going forward it is likely to really be at the whim of the US$ and global risk appetite. Sterling whilst also more dependent on US$ strength/weakness will hope to be supported by the Autumn statement out this week.
Die Risikobereitschaft verbessert sich zum Teil aufgrund der jüngsten offensichtlichen Lockerung der Beziehungen zwischen den USA und China, die Nicht-US-Währungen zugute kommt. Die Fed hat den Dollar unterstützt, indem sie andeutete, dass weitere Zinserhöhungen in Sicht sind. Der Euro hatte kürzlich ermutigende Nachrichten über die Industrieproduktion, was ihm nach den jüngsten Tiefs gegenüber dem US-Dollar etwas Unterstützung gab. Auch sinkende Energiepreise helfen dem Euro, aber in Zukunft wird er wahrscheinlich wirklich der Laune des US-Dollars und der globalen Risikobereitschaft unterliegen. Das Pfund Sterling, das ebenfalls stärker von der Stärke/Schwäche des US-Dollar abhängig ist, hofft auf Unterstützung durch die Herbsterklärung, die diese Woche veröffentlicht wird.
Markets dislike uncertainty, and FX markets are particularly prone to this. With the global financial crisis, driven by all factors known to us, it is difficult to predict any movement therefore. Certainly, the deepening EU energy crisis as winter approaches. Recessionary fears globally are a major concern obviously, and the continual strengthening of the US$ adds to this.
Märkte mögen keine Unsicherheit, und Devisenmärkte sind dafür besonders anfällig. Angesichts der globalen Finanzkrise, die von allen uns bekannten Faktoren angetrieben wird, ist es daher schwierig, eine Bewegung vorherzusagen. Sicherlich die Verschärfung der Energiekrise in der EU, wenn der Winter naht. Rezessionsängste weltweit sind natürlich ein großes Problem, und die kontinuierliche Stärkung des US-Dollars trägt dazu bei.
Hi. My name is Kalamo Flarty. I'm the livestock guarding dog and Small Stock program manager out here, the Cheetah Conservation Fund in Namibia. I'm just putting together this video as a big thank you to everyone at Unicorn Ingredients for the sponsorship towards our program. Since 1994, we've placed 711 of these dogs out on farms, with 167 out there now making a difference in protecting the cheetah. Jenny here, she is going to be part of our breeding program when she reaches two years of age.
It is worth considering for a moment the yearly movement on exchange rates and thus their impact on prices as the new season begins. At $/€1.19 last September prices were 19-20% better with regard to imports than today should raw material prices be similar. Meanwhile the £/€ is roughly similar and the £/$ is also worse by also 19-20%. Why is this happening despite Central banks intervention and interest rate rises? Well it is about the serious and more or less inevitable deep recessionary fears within the EU & UK.
The EU is struggling the most in these current trading conditions, with Germany announcing its first trade deficit in 30 years, and the Euro at its weakest point against the US dollar in ten years. The trade shock of rising import costs, oil & gas price levels and trade disruptions have come to bear severely. Euro zone inflation is rapidly increasing too.
This year Unicorn Ingredients reached a milestone of 15 years trading. Our team celebrated the anniversary with a trip to Ascot to see the races. Our Epsom team were joined by colleagues from the Germany and India offices.
The Euro has edged upwards in recent days as the situation in China relaxes a little and the sensitivity to the Ukraine/Russia situation settle down a little. This combined with a less pessimistic view of the potential rise in US interest rates has favoured the Euro and indeed Sterling. Sterling was also heled by the recent £15 billion fiscal package softening the cost-of-living issues faced by all. Currencies remain vulnerable to the global outlook however which is increasingly uncertain and thus volatility is here to stay.
This year we are pleased to advise that we have made again arrangements with Oblong Trees (UK) Ltd, to offset the carbon footprint of all our employees worldwide with respect to their working commitments. This means from when they leave home in the morning, to their return and any travel required to conduct their roles for Unicorn Ingredients Ltd. Plus the impact of our offices on carbon emissions. We see this as an important step in our role as a supplier of natural ingredients to the food industry.